MLM @ BehindMLM

Richard Maike’s conviction appeal has been dismissed. The appeal was filed after a motion seeking an acquittal and new trial was denied last September.

When MLM companies committing fraud tout a debit card, it’s typically obtained through shell companies attached to dodgy merchants. Both GSPartners’ and PLC Ultima offered debit cards through PMA Media Group, Aurae Lifestyle, Nvayo Limited, Club Swan and AU Card LLC – all owned by Christopher James Scanlon. Scanlon was arrested by US authorities at [Continue reading…]

The first of the arrested Generation Zoe defendants in Argentina has pled guilty. As reported by El Dario in Spanish on May 24th;

The SEC and EmpiresX have reached a $34.8 million settlement. The reached settlement consists of $32,178,397 in disgorgement and $2,661,554 in prejudgment interest.

On May 5th, a Texas District Court gave the CFTC a May 26th deadline to file for default judgment against Mirror Trading International (MTI). This prompted the CFTC to file a motion requesting the deadline be stayed on May 15th. In that filing, the CFTC revealed it had reached a settlement with MTI.

The CFTC has sued iComTech Ponzi scammers for commodities fraud. Name defendants in the CFTC’s May 24th filed Complaint are:

Nine local promoters of the MarketPeak Ponzi scheme have been arrested in Japan. An investigation by Osaka’s Police has revealed approximately 2515 MarketPeak victims, who together have lost ~$5.5 million.

An Alliance in Motion Global fraud alert has been issued by Pakistan’s Securities and Exchange Commission (SECP).

The FTC website entry for its IM Mastery Academy case has updated. What we now know is the entry pertains to a petition to quash a civil investigative demand issued by the FTC.

The FTC appears to have prematurely revealed it has launched a consumer protection enforcement action against IM Mastery Academy.